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Question 4 Danny, sabbie and Draco doaded to form a partnership, ODA Taxi Services on I July 2019. the agreemont set at the bellocuing basic artagements o Danny to contribute 50,006 in cash and motor rohicles valued at $150,00 Debble to contribute $35,060 in cash and office equipment Valued at 5,000 Draco to contribute $20,000 in cash and to ad as managing partner at a salary of $50,000 per year. Interest for the period is to be allowed partners at the rate of 5% p. a on bagining capital. o After allowing for praco's salary and partners interest the remain, probits or losses are to be shared among banng, pebbie and Dreco at popotion 062:2:1 Requrand a) Prepare the jounal entios necessary to pon the recordes of the partnership b) During the end 30 jones 2070 The business has made a profit of the $/1080010 Prepare the journal entries to share this post betures the parties the business osas retained casning accounts to present the equites for the partners